Injective ($INJ) Breaks Above $14 on EVM Upgrade and ETF Filing, Signaling Bullish Momentum

#Injective ($INJ) surges past $14 with a value of $14.47, marking an increase of 2.77% over the last 24 hours. This bullish momentum is primarily driven by the recent successful upgrade of Ethernia, which enhances the platform's capabilities, and the filing of an ETF, attracting institutional investor interest.

The positive technical indicators support the notion that $INJ's upward trend could persist in the near term. Investors are optimistic due to the improved blockchain infrastructure and increased legitimacy from ETF filings, which are often viewed as a vote of confidence by regulatory bodies and institutional players.

In the broader context of DeFi and blockchain layer 2 solutions, Injective's upgrade could solidify its market position and boost user adoption. The ETF interest further signals a growing acceptance and maturity in crypto investment channels, helping to elevate significant altcoins like INJ in the competitive landscape. Overall, these factors create a conducive environment for $INJ to potentially continue its ascent.